Recovery and Resolution Planning Manager -Scenario Projection and Analytics

TD•Mount Laurel Township, NJ

1d•Onsite

About The Position

Department Overview: The Recovery and Resolution Plan (RRP) group manages the Recovery and Resolution Plan for TD Bank's US entities. This group functions under the US Treasury. The Recovery and Resolution Plan is governed by guidelines issued by US regulatory agencies and must be submitted to regulators according to established deadlines. These plans are comprehensive and necessitate coordinated engagement with stakeholders throughout the Bank. The Resolution Plan submission requires Stress scenario projection that is designed to ensure that the Bank can be liquidated in an orderly manner without causing wider adverse impacts on the financial systems. The Recovery Plan requires submitting results from a severe stress scenario to demonstrate the Bank's ability to recover from significant losses in liquidity and capital. The Recovery and Resolution Planning Manager leads work streams within the Recovery and Resolution Planning function, including development of required outputs, liaison with relevant stakeholders, briefings to senior management and production of associated reporting. Depth & Scope: Highly seasoned professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services Develops, maintains, enhances processes, reports, procedures, and control frameworks Manages the interpretation of new regulatory guidance, operationalize it for responsible areas within the Bank and ensure that the Bank meets regulatory expectations within work streams owned Identify risk associated with sharing Confidential Supervisory Information (CSI) Executes the process of control testing Leads development of distinct testing exercises to support crisis capabilities and/or resolvability of the Bank Develops specific sections of the recovery and resolution plans Coordinates and leads meetings as required Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty Independently manages end-to-end functional programs Solves or leads others to solve complex problems; leads efforts or partners with others to develop new solutions Uses sophisticated analytical thought to exercise judgement and identify solutions Impacts the achievement of sub-function or business line objectives within the area they are accountable for Work is guided by policies and industry standards/methods Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders Works autonomously as the lead and guides others within area of expertise

Requirements

Undergraduate degree required
7+ years of experience
Substantial knowledge / expertise in a complex field and knowledge of broader related areas

Responsibilities

Leads work streams within the Recovery and Resolution Planning function, including development of required outputs, liaison with relevant stakeholders, briefings to senior management and production of associated reporting.
Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations.
Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services.
Develops, maintains, enhances processes, reports, procedures, and control frameworks.
Manages the interpretation of new regulatory guidance, operationalize it for responsible areas within the Bank and ensure that the Bank meets regulatory expectations within work streams owned.
Identify risk associated with sharing Confidential Supervisory Information (CSI).
Executes the process of control testing.
Leads development of distinct testing exercises to support crisis capabilities and/or resolvability of the Bank.
Develops specific sections of the recovery and resolution plans.
Coordinates and leads meetings as required.
Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty.
Independently manages end-to-end functional programs.
Solves or leads others to solve complex problems; leads efforts or partners with others to develop new solutions.
Uses sophisticated analytical thought to exercise judgement and identify solutions.
Impacts the achievement of sub-function or business line objectives within the area they are accountable for.
Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders.
Works autonomously as the lead and guides others within area of expertise.
Facilitates working groups and manages internal and external relationships as required.
Contributes to development of RRP documents and artifacts.
Provides project management and administrative support to the team as required.
Adheres to enterprise frameworks or methodologies that relate to activities for the business area.
Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate.
Ensures respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities.
Protects the interests of the organization – identifies and manages risks, and escalates non-standard, high risk activities as necessary.
Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets).
Provides organizational support and governance oversight for test delivery, as well as complete regulatory write-ups on performed tests, as required.
Participates in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations.
Conducts internal and external research projects; supports the development/delivery of presentations/communications to management or broader audience.
Monitors service, productivity and assess efficiency levels within own function and it contribute to the continuous improvement of all frameworks, processes, and procedures across Recovery & Resolution Planning.
Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements.
Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite.
Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/points of interest.
Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit.
Keeps current on emerging trends/developments and grow knowledge of the business, related tools and techniques.
Participates in personal performance management and development activities, including cross training within own team.
Keeps others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities.
Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
Leads, motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships.
Contributes to a fair, positive and equitable environment that supports a diverse workforce.
Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally.

Benefits

base salary
variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan)
health and well-being benefits
savings and retirement programs
paid time off (including Vacation PTO, Flex PTO, and Holiday PTO)
banking benefits and discounts
career development
reward and recognition
regular development conversations
training programs
competitive benefits plan
online learning platform
variety of mentoring programs